Hanover Insurance’s Annual Business Insurance Checkup: Ask yourself the following questions for each category.

General:

• Did the business name change?.
• Has ownership restructured?
• Were there any changes to owners, partners or officers?
• Has the nature of business operations changed?
• Have you changed or expanded products or services?
• Is there any aging equipment?
• Did you purchase any new equipment?
• Are there any new locations in the U.S. or outside of the U.S.?
• Did any locations close or move?
• Did the mailing address change?
• Did the physical location change?

If you responded Yes to any of the above, you may need to change or increase coverage on General Liability, Property, Professional Liability, Product Recall, and Umbrella coverages.

Employees:

• Did you hire new employees?
• Are there any remote workers?
• Did the payroll change?

If you answered Yes to any of these items, you may need to update Employment Practices Liability or Workers’ Compensation coverages.

Cyber:

• Do you have cyber coverage for hacks, viruses, and data breaches?
• Does your business have a website?
• Is anything sold online?

If Yes to any of the above, you may need General Liability and Cyber Liability coverages.

Commercial Vehicles:

• Did you add or eliminate business vehicles?
• Did the usage change?
• Do you have any new drivers?

Any Yeses mean you may need to add or increase Commercial Auto or Umbrella coverages.

Global Business:

• Does your business have international customers?
• Do employees travel overseas for business?
• Do you source materials outside of the U.S.?
• Does your business have a manufacturing facility outside of the U.S.?

If you responded with Yeses, you may need Umbrella or International coverages.

If you answered Yes to any of these items, it’s time to talk to your agent so that you can be sure your business is protected.